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we're facing an inflationary environment too. it is troubling, and it is just about politics, and ideology and pushing that forward no matter what without thinking -- >> what they are saying is that obama will have to give more, than entitleme cuts and spending cuts and republicans might have to acquiesce to tax hikes. lou: what is the republican party coming, monica used expression pitical party suicide, i don't know if that drastic but there is a defeatism i find astonishing. >> they hope to stan strong together in one message, we need a warrior that is why i'm delighted that jim demint is leaving and going to the heritage foundation, we don't have a clear champion on our issue, senator rubio does a great job but we need more out there jan the kuh cuban guy from florida. lou: i tell you, right now, i may be insulting a lot of people, but he is the most ex fisk communicate or -- effective communicate or the replican party has but he is not talking about the fiscal cliff. >> he said we have to did is not create new taxes but new
we're facing an inflationary environment too. it is troubling, and it is just about politics, and ideology and pushing that forward no matter what without thinking -- >> what they are saying is that obama will have to give more, than entitleme cuts and spending cuts and republicans might have to acquiesce to tax hikes. lou: what is the republican party coming, monica used expression pitical party suicide, i don't know if that drastic but there is a defeatism i find astonishing. >>...
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Dec 9, 2012
12/12
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you know the low interest-rate environment customs? >> let me ask my team behind me to get that. we will have that for you in a moment. >> my guess is i am not sure that assumption is as low as the rate is today with an interest-rate of 1.6%, it is shockingly low. we have a fed insisting it will keep this way. i will be interested to see what the net effect of this interest rate is. >> there is an artificiality of the point in time because it presumes every one of the payoffs, we have no revenue to fha, where we know there is a large revenue -- >> there is a flaw in the model? >> no. congress requires the review is done in a runoff scenario. we also looked at, what if we keep doing business, so we have those projections. that is not the 2% calculation. it is something we could give you more detail on of what the net effect would be. >> does the modelling assume any recession between now and 2017? >> the modelling does include a range of runs from a mild recession to a very severe recession. through the nature of the modelling, we do look at probabilities. >> but the evaluation, t
you know the low interest-rate environment customs? >> let me ask my team behind me to get that. we will have that for you in a moment. >> my guess is i am not sure that assumption is as low as the rate is today with an interest-rate of 1.6%, it is shockingly low. we have a fed insisting it will keep this way. i will be interested to see what the net effect of this interest rate is. >> there is an artificiality of the point in time because it presumes every one of the payoffs,...
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Dec 8, 2012
12/12
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this bank could do really well in an environment of rising interest rates, but the fed has made it very clear that rates will stay low until at least 2015. so you know what? let's take a pass on that one. let's do some tweets. thank you, viewers, for making it so that i have more than 600,000 followers. thank you very much. happened just the other day. let's take our first tweet from @nfalex who says what's your take on -- it's the old part of kraft. the stock price has been trading down since the old spinoff. it drives me crazy when stephanie link and i buy for the charitable trust. the charitable trust follows stocks. you can follow along with actionalertsplus.com. and they don't immediately pop. this is the p.m. of philip morris when altria split. it's the fast-growing snacks business overseas, it's going to be great. now here's the problem. it acts terribly. so what you can say is therefore it's bad or you can do the homework like we did, recognize we've got a terrific restructuring, recognize it's going to have great growth, and you buy it and be a little patient. it is not going t
this bank could do really well in an environment of rising interest rates, but the fed has made it very clear that rates will stay low until at least 2015. so you know what? let's take a pass on that one. let's do some tweets. thank you, viewers, for making it so that i have more than 600,000 followers. thank you very much. happened just the other day. let's take our first tweet from @nfalex who says what's your take on -- it's the old part of kraft. the stock price has been trading down since...
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Dec 6, 2012
12/12
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. >> going way beyond what you would consider a practical use of protection to the environment. >> reporter: bart says it would have cost them more if the project had been delayed or they violated wildlife protection laws. if the birds continue to pose a problem bart is going to have to continue to pay to accommodate these birds. in freemont, ann. >> talk about a wakeup call. a tree crashes through a bay area bedroom. what the ohm homeowner did just two days ago that probably saved his life. >> the grocery chain in danger of going belly up. >> and the bay area house decked out like you would not believe. it,,,,,,,,,,,,,,,,,, off yet, when this happe >>> how is this for a rude awakening? the alarm clock hadn't gone off when it happened. a huge tree came crashing down on a man's home. during this morning's storm. the hundred foot cypress broke through the roof of the master bedroom and missed the homeowner by just a few feet. >> it is weird. it is weird. thank god it didn't come into the house more than it did. >> that's because just two days ago he moved his bed from beneath the very spot wh
. >> going way beyond what you would consider a practical use of protection to the environment. >> reporter: bart says it would have cost them more if the project had been delayed or they violated wildlife protection laws. if the birds continue to pose a problem bart is going to have to continue to pay to accommodate these birds. in freemont, ann. >> talk about a wakeup call. a tree crashes through a bay area bedroom. what the ohm homeowner did just two days ago that probably...
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Dec 6, 2012
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. >> going way beyond what you would consider a practical use of protection to the environment. >> reporter: bart says it would have cost them more if the project had been delayed or they violated wildlife protection laws. if the birds continue to pose a problem bart is going to have to continue to pay to accommodate these birds. in freemont, ann. >> talk about a wakeup call. a tree crashes through a bay area bedroom. what the ohm homeowner did just two days ago that probably saved his life. >> the grocery chain in danger of going belly up. >> and the bay area house decked out like you would not believe. it beats the world record holder. ,,,,,, at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call the bay area home. whether it's helping a nonprofit provide safe, affordable housing within the city, supporting an organization that's helping kids find jobs and stay in school, or financing the expansion of a local company that's creating healthier workplaces, what's important to the people of the bay area is important to us. and we're pro
. >> going way beyond what you would consider a practical use of protection to the environment. >> reporter: bart says it would have cost them more if the project had been delayed or they violated wildlife protection laws. if the birds continue to pose a problem bart is going to have to continue to pay to accommodate these birds. in freemont, ann. >> talk about a wakeup call. a tree crashes through a bay area bedroom. what the ohm homeowner did just two days ago that probably...
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the overburdensome regulatory environment that we're in is depressing growth, particularly for small business. and i think that's a primary distinction here as we talk about business itself because all business is not created equal. and the president's jobs council who has some wonderful folks, some friends of mind on it, wholly inefficient in my view because there is no representation from small business on that jobs council. melissa: catherine, let me ask you, what i look what happened with the case in darden, it seems like what happened to a bunch of different companies, my take at the end of the day, for sure they're not going to hire anyone and that's what we need more than anything right now. >> you're exactly right. what we need are jobs, jobs, jobs. there is so much uncertainty out there right now with what will happen with taxes. we still don't know the full impacts of obamacare. hundreds of thousands of new regulations. we need to know what is going on to make good decisions and grow our businesses because of that. melissa: jamie, do you think to a certain extent we know wh
the overburdensome regulatory environment that we're in is depressing growth, particularly for small business. and i think that's a primary distinction here as we talk about business itself because all business is not created equal. and the president's jobs council who has some wonderful folks, some friends of mind on it, wholly inefficient in my view because there is no representation from small business on that jobs council. melissa: catherine, let me ask you, what i look what happened with...
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Dec 11, 2012
12/12
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LINKTV
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and we're so closed off from the food-animal industry in suburbia or in an urban environment. you don't see the ranches. you don't know how much work goes into it. you get your hamburger nicely packaged, and so it's all of us out here that make that meat come to you and be healthy and safe. >> now she hopes more young people will join her and choose a career working with california cattle on a farm. charlotte fadipe for "california country" tv. >> this segment is brought to you by the california farm bureau federation. >> our dad used to say, "when you work hard for something, protect it." >> that's why he got nationwide insurance more than 30 years ago. >> we're still with them today, because no matter what changes in our lives, whether it's starting a business or building a house. >> having kids or buying a car. >> with an " your side" review from nationwide insurance, we get the coverage we need at the right price for us. >> ♪ nationwide is on your side ♪ >> make sure your coverage keeps up with your life. ask your local agent or call 877-306-1252 today. >> it's one thi
and we're so closed off from the food-animal industry in suburbia or in an urban environment. you don't see the ranches. you don't know how much work goes into it. you get your hamburger nicely packaged, and so it's all of us out here that make that meat come to you and be healthy and safe. >> now she hopes more young people will join her and choose a career working with california cattle on a farm. charlotte fadipe for "california country" tv. >> this segment is brought...
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Dec 9, 2012
12/12
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treaty on a new, we have the un at trading on the environment. this makes no difference -- >> why not throw a bone to bob dole? >> why throw a bone to the un? >> oh. >> is run byy dictatotors, it has a human rights committee with the worst violators in the world. why should we give any legitimacy at all? give me an answer on that. >> the chamber of commerce supports the street, along with the veterans' organizations and religis groups. they suprt it because the united states has been the leader in this area and they would like other countries to comply, make -- >> it is modeled on the americans with disabilities act. >> i know that, but it has no effect -- >> the point of the treaty is get other countries to become signatories and i got to the language and the intent of the treaty, to look out for people with disabilities. you accept the arguments. >> yeah, exactly the way the u.n. human r rights commission has spread human rights to countries around the world. it does nothing. >> you used to call people who thought like this nativist. >> it s no
treaty on a new, we have the un at trading on the environment. this makes no difference -- >> why not throw a bone to bob dole? >> why throw a bone to the un? >> oh. >> is run byy dictatotors, it has a human rights committee with the worst violators in the world. why should we give any legitimacy at all? give me an answer on that. >> the chamber of commerce supports the street, along with the veterans' organizations and religis groups. they suprt it because the...
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Dec 12, 2012
12/12
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. >> well look, i think there is the overhang in the environment. sandy was a punch to the stomach. the stores were closed. people weren't shopping online because there was no electricity. we took a hit. at the time of the conference call we saw an uptick in the business. we can't talk about trends since then. we said that the impact of the storm was probably going to take us to a flattish performance. and i feel optimistic for the long term for our consumers. >> why is classic clothing not selling well but contemporary? is there any accounting for taste? >> well, look. people love what they love. accessories have been performing very well. shoes, handbags, jewelry. people love something that is new. something that is the same that they have in their closet, they're not buying. it is not just about accessories. fashion forward is selling very well. it has to be something that they are perceiving as being new and different. when i look through, i felt that we had the real turn in this quarter. i really feel that you talked about the omni channel and the internet. these are real growt
. >> well look, i think there is the overhang in the environment. sandy was a punch to the stomach. the stores were closed. people weren't shopping online because there was no electricity. we took a hit. at the time of the conference call we saw an uptick in the business. we can't talk about trends since then. we said that the impact of the storm was probably going to take us to a flattish performance. and i feel optimistic for the long term for our consumers. >> why is classic...
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Dec 5, 2012
12/12
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in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this your chance to fill up your cup before the shares really get percolating? cramer is grinding through the facts next. >>> tomorrow we are going to hear from one of my favorite companies and it is starbucks. having its biennial analyst day. right now it is more than ten points off its high for the year. i think it could mark the beginning of the stock's next big rally. you can follow along at actionalertsplus.com. a service that i do with the street. tomorrow i expect a terrific story. i'll give you a preview. lots of people ask me how i would approach this meeting. if i were at my hedge fund which i retired from years ago. wha
in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this your chance to fill up your cup...
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Dec 10, 2012
12/12
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we're at a 0% interest rate environment until 2013. and after, they will still be at that point. >> the reason i ask. wednesday they've got the new announcement. operation twist which has kept rates low. >> and they'll probably extend. >> you think they'll extend that. will the market respond though? >> i think that allows the market then to price what's going to happen on the fiscal side. fiscal tightening, there's a responsibility. in europe they're trying to shrink their way into growth. i don't think that's going to work. in the united states we have to have short-term balance stimulus and longer term very controlled ratcheted down austerity. if that does happen, you could set the backdrop for a solid economy. >> what would you buy here right now? >> the discussions we're having with our clients is that they shouldn't be taking any more credit risks than they're comfortable with. everything can change very quickly if the politicians fail to come up with a responsible solution to this. foremost, you shouldn't be taking excess credit
we're at a 0% interest rate environment until 2013. and after, they will still be at that point. >> the reason i ask. wednesday they've got the new announcement. operation twist which has kept rates low. >> and they'll probably extend. >> you think they'll extend that. will the market respond though? >> i think that allows the market then to price what's going to happen on the fiscal side. fiscal tightening, there's a responsibility. in europe they're trying to shrink...
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Dec 11, 2012
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they encouraged more science and engineers, which is fifpblete but they weren't in a creative environment where they could do good work. democracy, as again the founders would have known this, you can't just be a science and engineer in a democracy to look way over the cliff to the mountains and beyond. so i'm very disturbed now to say that one great state university is talking about creating incentives for people to do science and engineering as undergraduates as against in effect creating disincentives for people to do humanities. you have to have people who can look beyond the current crisis. that also has been part of the american middle class, new ideas. >> i agree with that. i would like to see more of an emphasis on the science and math. i guess -- we are going to in terms of particularly in the k through eighth grade so these younger kids can look up to those role models and say is this something i want to not run from? >> one of the great stories, physics in the 1960's, young physicistsous learning how to do problem sets as graduate students, they started going back to answer the
they encouraged more science and engineers, which is fifpblete but they weren't in a creative environment where they could do good work. democracy, as again the founders would have known this, you can't just be a science and engineer in a democracy to look way over the cliff to the mountains and beyond. so i'm very disturbed now to say that one great state university is talking about creating incentives for people to do science and engineering as undergraduates as against in effect creating...
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Dec 7, 2012
12/12
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MSNBCW
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he said he he has demonstrated when he stepped into government that he could work in a difficult environment, take good ideas like private health insurance and apply them to the need to have everyone insured. they came up with the idea an alternative and they made it the law in massachusetts and got democrats to embrace it. for a thinktank that is the dream. today both the foundation and the new president agree that the individual mandate is not just about policy, it is terrible no good constitutional policy. their idea. now horrible and only judged that way until they began endorsing it. flip-flopping to try and make health care reform. i don't want to call it his job, but it is not shocking. it is what you do. but it is not what you do if you are a thinkingtank. his ascension to the head of the foundation is both a perfect match and a disturbing one. they are where the politicians get their ideas and where the media figures look to get an informed take on whether something make sense or not. their leaders have had one foot in the public and policy world. arthur brooks was recuted from syra
he said he he has demonstrated when he stepped into government that he could work in a difficult environment, take good ideas like private health insurance and apply them to the need to have everyone insured. they came up with the idea an alternative and they made it the law in massachusetts and got democrats to embrace it. for a thinktank that is the dream. today both the foundation and the new president agree that the individual mandate is not just about policy, it is terrible no good...
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Dec 8, 2012
12/12
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particularly in real to get people out of their cars for energy for the environment. we have to be able to spend the money, 7%. 2.5 years after stimulus we only had $67 billion. 35% was still sitting in washington. we have to change the law. there's some things express and the government accountability report on the selection of some of these projects. their release this march of 2011. specifically at -- bay released this march of 2011. specifically they said there were concerns about transparency and other issues with it. they cannot verify some of the criteria by which some of these projects were selected. can you cite any improvement in that process? you were citing a number of projects but also criticized by gao for the process. >> we tried to improve our decision making process. we have tried to use the governors as our partners on these projects. receiving proposals from them and from the state's and working with them -- states and working with them. try to improve our process for selecting projects. >> the other most recent report by the inspector general, rele
particularly in real to get people out of their cars for energy for the environment. we have to be able to spend the money, 7%. 2.5 years after stimulus we only had $67 billion. 35% was still sitting in washington. we have to change the law. there's some things express and the government accountability report on the selection of some of these projects. their release this march of 2011. specifically at -- bay released this march of 2011. specifically they said there were concerns about...
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Dec 5, 2012
12/12
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. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the eurozone itself, we seem to be mending the problems progressively and taking out the tail risks, which i think is good and that is the bottom line that investors should take going further forward, but at the same time, there are some elements that you can have. if you do a forecast, in a way you could come up with something like 1% quotes for next year, but at the same time, you have to be conscious that we've had such a battery of downside impact, downside negative news coming through really for all economists in the western world in the last few years. you have to be very cognizant of those. >> i think so.
. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the...
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Dec 13, 2012
12/12
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> it is time. time for the lightning round. and we'll take calls, and buy, buy, buy, sell, sell, sell. my staff will play this sound
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant,...
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Dec 11, 2012
12/12
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CSPAN2
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they a different labor environment there. the workers at the saturn plan are members of the united autoworkers. but it is a right-to-work statement and over the last 30 years there are probably a dozen large assembly plants in the southeastern part of the united states sms there are about 1,000 suppliers in our state. what has been the effect of the arrival of the art owe industry in tennessee? it attracted, aamong other things, by our right-to-work law? one-third of our manufacturing jobs are auto jobs and what's been the effect on the united states? it's kept in the united states a competitive environment for those who want to sell cars in the united states, can make them in the united states. and if we hadn't had that competitive environment, most of those cars would be made in mexico or some other place around the world. you don't believe me, read david halverstam's work, a book called "the reckoning" about the american auto industry. the big three carmakers, united autoworkers, had enjoyed setting wages, prices, got nonc
they a different labor environment there. the workers at the saturn plan are members of the united autoworkers. but it is a right-to-work statement and over the last 30 years there are probably a dozen large assembly plants in the southeastern part of the united states sms there are about 1,000 suppliers in our state. what has been the effect of the arrival of the art owe industry in tennessee? it attracted, aamong other things, by our right-to-work law? one-third of our manufacturing jobs are...
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Dec 6, 2012
12/12
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are we in a low interest rate environment today? and aren't we by virtue of what the fed has said, which is to say maintaining current policy at least through mid 2015, so three years or so, at least, isn't it very likely we're going stay in the low interest rate environment and shouldn't that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the actuarial review was done not today but at a point with economic projections that are primarily in july over the summer. and so it's accurate that interest rates have dropped further than were built into the primary actuarial view. there are two offsetting factors to that, though. one is that home prices have performed better than were used in the actuarial. and that, based on what we know today, even for this year the actuarial would be significantly better if it were performed today just on that one variable. and then the second point is that the act warblee review is a -- actuarial review is a point in time that assumes that we do no f
are we in a low interest rate environment today? and aren't we by virtue of what the fed has said, which is to say maintaining current policy at least through mid 2015, so three years or so, at least, isn't it very likely we're going stay in the low interest rate environment and shouldn't that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the actuarial review was done not today but at a point with economic projections that are...
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Dec 5, 2012
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obviously you have to go firm by firm and business by business but the revenue environment is not great. reasonably well telegraphed. as you saw, only about 25% of these cost saves are coming at the investment bank. and even when you dig down deeper, at least half of those are more on the opposite of i.t. when you go through many layers of details, it is not like the billion cost saves are coming right ow of the bonus pool. i'd just say city is in a similar enough spot as most of the firms on street related to bonuses. >> you put out a note today where you wrote, "citi is already pretty efficient with an efficiency ratio better than most peers." i kind of did a double take on that because i thought they were a giant, bloated, highly inefficient, oversized big bank? >> well, i didn't say all the big banks were efficient,dy? no. look, that is -- i put out actually a precursor to the note last week that said the same thing and it was a bit of an eye opener for people. people have been frustrated with citi saying basically $48 billion to $50 billion of expenses on an annual basis for the la
obviously you have to go firm by firm and business by business but the revenue environment is not great. reasonably well telegraphed. as you saw, only about 25% of these cost saves are coming at the investment bank. and even when you dig down deeper, at least half of those are more on the opposite of i.t. when you go through many layers of details, it is not like the billion cost saves are coming right ow of the bonus pool. i'd just say city is in a similar enough spot as most of the firms on...
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Dec 10, 2012
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challenging environment for priceline even though it says the shares are still attractively values. road map is going to go like this. fiscal cliff face-off coming to an end. the president and the speaker holding a meeting at the white house this weekend. we are live in washington with the latest. what it all could mean for the che. whether or not we go over the cliff could have a major impact on the markets in 2013. barclays coming out with its outlook. we'll talk to their first strategist. weeks away from christmas but today is the busiest day actually i think in corporate history for fedex. millions of deliveries being processed. we'll take you live to a fedex center as millions of dollars, nothing to laugh about. we'll introduce you to the entrepreneur who has managed to make big money making people laugh with his company cheeseburger. that's coming up later this hour. we'll start in washington. president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good m
challenging environment for priceline even though it says the shares are still attractively values. road map is going to go like this. fiscal cliff face-off coming to an end. the president and the speaker holding a meeting at the white house this weekend. we are live in washington with the latest. what it all could mean for the che. whether or not we go over the cliff could have a major impact on the markets in 2013. barclays coming out with its outlook. we'll talk to their first strategist....
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Dec 10, 2012
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in terms of shaping the environment to prevent war. in my view, america's fiscal picture increases the risk of conflict around the globe. maybe not always involving the u.s., but certainly the risk is increasing globally based on our fiscal picture. the fifth point i would want to make is that the budget deal requires us to deal with a full deck of cards. the people who keep wanting to put things off the table are not being rational in terms of addition and subtraction. when i say full deck of cards, that includes defense participating in deficit reduction. this cannot be in the case of defense a sledge hammer approach. it is going to take a long runway dealing with these issues over time. give the defense department time, and they can make very significant changes in the budget. but do it in a way that does not damage our security. doing it abruptly, as the fiscal cliff does, or doing it in a very compressed time frame is not only inefficient, it endangers security. my final point is that the missing element in this town is primarily
in terms of shaping the environment to prevent war. in my view, america's fiscal picture increases the risk of conflict around the globe. maybe not always involving the u.s., but certainly the risk is increasing globally based on our fiscal picture. the fifth point i would want to make is that the budget deal requires us to deal with a full deck of cards. the people who keep wanting to put things off the table are not being rational in terms of addition and subtraction. when i say full deck of...
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Dec 5, 2012
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. >>> an environment where everyone is still terrified about the potential impact of the fiscal cliff, i want to give you stocks that you can fall back on in a declining market. many strong companies, high yields. let me introduce you to weingarten, a company i've liked since '85. owns shopping centers all over the u.s. 301 income-producing properties and 11 more in various stages of development. they have a yield, doesn't have a lot of leverage. company recently sold off the portfolio of industrial assets to become a pure play on retail, and 70% of the rent it collects comes from tenants that are effectively internet resistant. they say it in their own papers. meaning they're immunized against online competition. things like supermarkets, restaurants, personal care supervisors. 93.6% occupancy rate up 200 basis points year-over-year. very bullish guidance. let's check in with drew alexander, the president and ceo of weingarten reality investors. how are you? >> pleasure. great to be here. >> now, we obviously are all very focused on the notion that washington could get us back into a
. >>> an environment where everyone is still terrified about the potential impact of the fiscal cliff, i want to give you stocks that you can fall back on in a declining market. many strong companies, high yields. let me introduce you to weingarten, a company i've liked since '85. owns shopping centers all over the u.s. 301 income-producing properties and 11 more in various stages of development. they have a yield, doesn't have a lot of leverage. company recently sold off the portfolio...
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Dec 7, 2012
12/12
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texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something new. and then on the other hand, we hear that a lot of what's going on in america is keeping entrepreneurs from starting those new ventures. >> well, some of that is true. start-ups are down in the last five years. about 23%. but it is worth remembering that we started as a start-up. this company was a start-up in the last couple years, the reason we're the leading economy is because of the entrepreneurs building start-ups that have really powered our economy. we really need to as a nation double down on entrepreneurship. some of that is what needs to happen in washington, the jobs act that passed six months ago, the broad bipartisan support dealt with crowd funding and on-ramp for ipos. start-up app 2.0 introduces with bipartisan support. there's a role for washington but there's also a role for the private sector particularly ent
texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something new. and then on the other hand, we hear that a lot of what's going on in america is keeping entrepreneurs from starting those new ventures. >> well, some of that is true. start-ups are down in the last five years. about...
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Dec 10, 2012
12/12
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and shouldn't that be the prevailing environments assumption? >> you make a very important point in terms of the fact that the actuarial review was done not today but at a point with economic projections that are primarily in july over the summer, and so it's accurate that interest rates have dropped further than were built built-in to the primary actuarial view. there are two offsetting factors to that though. one is that home prices have performed better than were used in the actuarial. and that, based on what we know today, even for this year, the actuarial would be significantly better if it were performed today, just on that one variable and then the second is that the actuarial review is a point in time that assumes that we do no further fha business and one of the things that is artificial about it if i can use that term, is that when interest rates go lower, it assumes people pay off faster. that is accurate. what it doesn't take into account is that late about half of those folks refinance into an fha loan. so, by the nature of the actu
and shouldn't that be the prevailing environments assumption? >> you make a very important point in terms of the fact that the actuarial review was done not today but at a point with economic projections that are primarily in july over the summer, and so it's accurate that interest rates have dropped further than were built built-in to the primary actuarial view. there are two offsetting factors to that though. one is that home prices have performed better than were used in the actuarial....
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Dec 11, 2012
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is it an awful environment? maybe it isn't. >> actually it starts with endowment funds thinking about the long term. and when we look at the long term, i would say we're more optimistic, particularly about the u.s., than the current kind of thatter. a lot of secular things going on that make the u.s. look like a better place to invest for employer issues such as the shale oil, shale gas. >> right. >> issues such as better competitiveness with china. and so we're optimistic about the long-term. we have to get over this short-term problem, and i think -- >> do you advise clients -- you've put money with cliff for example. he used to be a private equity guy. what is your split between how you see private equity and how you see the world hedge fund? >> we continue to be a big proponent of private equity. if you look among our clients we typically have something like 8% to 10% in private equity and another 5% or 6% in venture. we're big proponents of that. what we liked about what cliff has done is they've taken a pr
is it an awful environment? maybe it isn't. >> actually it starts with endowment funds thinking about the long term. and when we look at the long term, i would say we're more optimistic, particularly about the u.s., than the current kind of thatter. a lot of secular things going on that make the u.s. look like a better place to invest for employer issues such as the shale oil, shale gas. >> right. >> issues such as better competitiveness with china. and so we're optimistic...
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Dec 5, 2012
12/12
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. >> in two minutes we have left, let's talk about the current environment. what are you hearing from a lot of the senior executives that are asking for your advice or if you're in a board room or chatting with them especially in terms of the fiscal cliff and concern about making big decisions or lack thereof and not putting money at it. >> the interesting part is talk about the fiscal cliff is the talk about the talk about the fiscal cliff. i don't think people are as concerned as the level of chatter that goes around. i think the chatter is more than the concern. the fiscal cliff just happens to be a preset deal on a scale of one to ten. it's a deal that is possible as outcome. i think what the country should hope for is that we come up with a better deal. business wants the rules. i understand why business is very much do a deal. do a something. because a business then can make their plans around that. if a marginal tax rate goes up too high here, they'll put a plant somewhere else. you can make those decisions. they want to know the rules. >> know the rul
. >> in two minutes we have left, let's talk about the current environment. what are you hearing from a lot of the senior executives that are asking for your advice or if you're in a board room or chatting with them especially in terms of the fiscal cliff and concern about making big decisions or lack thereof and not putting money at it. >> the interesting part is talk about the fiscal cliff is the talk about the talk about the fiscal cliff. i don't think people are as concerned as...
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Dec 12, 2012
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outstanding diplomacy and capacity to balance the risks and demand of piece and the sort of okay security environment of the cold war period, which perhaps most people to remember, but perhaps some do not. so before turning the program over to marvin though, i would just like to mention, we have a new book that is very pertinent to the subject in our book series, the reagan gorbachev arms control breakthrough, edited by david t. jones, and dedicated to ambassador, the late ambassador who was the principal inf treaty negotiator and leader of our inf delegation. and copies of this book are available at the back of the room for those of you who would like to purchase one afterwards. so without further ado, it's my pleasure to wish all happy holidays and to turn the program over to marvin. marvin? >> thank you very much, susan. is always a pleasure to be asked to come here, moderate a panel. my life has been absorbed with the foreign service. though i only work in the foreign service for a year and a half. 1956-seven, in moscow. but since that time, albeit in different ways. as a look at how he now i see
outstanding diplomacy and capacity to balance the risks and demand of piece and the sort of okay security environment of the cold war period, which perhaps most people to remember, but perhaps some do not. so before turning the program over to marvin though, i would just like to mention, we have a new book that is very pertinent to the subject in our book series, the reagan gorbachev arms control breakthrough, edited by david t. jones, and dedicated to ambassador, the late ambassador who was...
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Dec 13, 2012
12/12
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the national flood insurance program is not designed to meet the needs of the urban environment. there is a fundamental unfairness that i respectfully ask congress to try to address. there forced to purchase flood insurance by their mortgage companies. the program treat garden style businesses as if they were basements. the direct uninsured costs are often passed on to the small business renters. >> the coverage is greatly limited to those with high boilers and hot water tanks. these rules do not reflect the reality of places like hoboken, new york city, and the premise is characterized as a basement that is a critical element to the vibrancy of our state. the apartment that requires you to walk down one or two steps, the business owners and residents are required to buy flood insurance and are required to play -- pay premiums, and they received virtually no coverage. many discover for the first time that their claims are denied because the flood insurance they were required the purchase does not actually insure them. what we have is not a rule that protect against moral hazards,
the national flood insurance program is not designed to meet the needs of the urban environment. there is a fundamental unfairness that i respectfully ask congress to try to address. there forced to purchase flood insurance by their mortgage companies. the program treat garden style businesses as if they were basements. the direct uninsured costs are often passed on to the small business renters. >> the coverage is greatly limited to those with high boilers and hot water tanks. these...
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Dec 12, 2012
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her promise was to create the best business environment possible, create more and better jobs, and to make government smaller, smarter, and more efficient. we did things like that, agency consolidation, it consolidation, some of those common sense approaches that you would do more often that we do not see. those are things that are saving us millions of dollars. our it consolidations are estimated to save $100 million over the course of the term and potentially next term. we also, in the same situation, have $2 in our rainy day fund. it is really thinking about how we do things smarter, more efficiently, and using the technology and resources we have to make things more efficient and cost-effective for government. we reduced by $5 billion by passing a law that says we could not pass what was not funded. ours was not challenged in court, fortunately. we are looking at more pension reform. we have seven pension systems in the state. they are operated by different pension boards that have different rules, different structures, looking at the potential of having them under one board that
her promise was to create the best business environment possible, create more and better jobs, and to make government smaller, smarter, and more efficient. we did things like that, agency consolidation, it consolidation, some of those common sense approaches that you would do more often that we do not see. those are things that are saving us millions of dollars. our it consolidations are estimated to save $100 million over the course of the term and potentially next term. we also, in the same...
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he raise the taxed and cut -- in that environment, what starbucks has basically done, voluntarily is say we'll pay our share. or at least part of it. >> appreciate it. this guy works as a consee arj in a powerful washington d.c. building. his passion to give back to his hometown in africa has now inspired a whole community. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medica
he raise the taxed and cut -- in that environment, what starbucks has basically done, voluntarily is say we'll pay our share. or at least part of it. >> appreciate it. this guy works as a consee arj in a powerful washington d.c. building. his passion to give back to his hometown in africa has now inspired a whole community. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share...
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Dec 11, 2012
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support the kinds of investment that we need to make to train our future work force and to create an environment which we can -- >> but do you think americans will remain optimistic about the state of the economy, let's say, six months or nine months from now if we have not tackle these things that we just talked about like the cost of education, the housing market, because we are figuring out some philosophical issues about taxes and spending? >> i think the economy has been growing slowly, slowly to land steadily in the absence of any movement which we have seen of the course of the last year. .. it was helpful and market confidence in the stock market plunge and i think we have concerned that there will be points at which we can see that happen again if we fail to -- if we look like we're not -- [inaudible] key challenges. i think, you know, what happens on january 1st everyone is saying it's the cliff and somebody said to me it's not like the zombie apocalypse happen. i think that's right in a sense. if the market confidence goes out the window and -- [inaudible] that can be damaging to our
support the kinds of investment that we need to make to train our future work force and to create an environment which we can -- >> but do you think americans will remain optimistic about the state of the economy, let's say, six months or nine months from now if we have not tackle these things that we just talked about like the cost of education, the housing market, because we are figuring out some philosophical issues about taxes and spending? >> i think the economy has been...
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Dec 6, 2012
12/12
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we are smith travel, if you look at those numbers, it's a very positive environment. the fiscal cliff will affect people when employment gets affected. this is a real issue. if you see something occurring with employment, we're sensitive, we're monitoring, we represent the folks that are going to be most affected if they don't do their job in washington. we're obviously concerned about it. if they deal with it, which we think they will. we think that next year should be pretty positive. >> meanwhile big party tonight? >> big party tonight, big party last night. >> that's what the city's all about. >> we'll be opening white plains in may, it will be a little warmer than it was up there last night. it's very exciting to see those hotels get done. 1,000 jobs for the city. >> you see at the bottom of your screen, nat gas inventory. >> listen natural gas prices are extending their gains from yet, after that 4% rally that we saw. we're looking at resistance perhaps around the 4.75 level. we saw a natural gas level that was certainly not what analysts were expectings. 65 bil
we are smith travel, if you look at those numbers, it's a very positive environment. the fiscal cliff will affect people when employment gets affected. this is a real issue. if you see something occurring with employment, we're sensitive, we're monitoring, we represent the folks that are going to be most affected if they don't do their job in washington. we're obviously concerned about it. if they deal with it, which we think they will. we think that next year should be pretty positive....
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Dec 7, 2012
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we are moving from that manual labor, low-skill jobs environment, to one in which he will have to have more education and skills. that is the reality of globalization, and i do not think you will have to avoid that. where to put more attention to and on getting people the skills -- we have to put more attention and getting people the skills. we will never have thousands of people sitting at sewing machines making t-shirts. host: another area where your groups seemed to disagree is whether the unemployment insurance creates a disincentive to look for work. mr. josh bivens, we start with you on this subject. caller: the two -- guest: the two previous callers identified the root problem -- there are not enough jobs. the ratio is still over three- to-one. if we could wave a magic wand, we would still have a large majority of unemployed workers looking for jobs. that is not a problem of skills. it is not a problem of employers dying to hire, but there are not the people out there. we just do not have the demand for services in the economy. that is like cutting off this source of demand woul
we are moving from that manual labor, low-skill jobs environment, to one in which he will have to have more education and skills. that is the reality of globalization, and i do not think you will have to avoid that. where to put more attention to and on getting people the skills -- we have to put more attention and getting people the skills. we will never have thousands of people sitting at sewing machines making t-shirts. host: another area where your groups seemed to disagree is whether the...
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Dec 6, 2012
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in that environment, commonplace is essential. it -- if you go through the last campaign, it is not that big of an area. compromise is required. give-and-take -- people have to accept some things they do not like as part of a larger agreement. i would say getting a comprehensive agreement now that resolve's many of these issues would at least reduce the constant threat of government shutdown. that is why this is so important going forward. >> i would remind everybody we have threats of government shut down in the past -- the famous showdown with newt gingrich and clinton. when you have divided government, you have clashes of major philosophical difference. the key is being able to have an element of compromise as part of that process. that is exactly the place we are in right now, trying to find that point. >> the best model for all of you who are working so hard on this may well be speilberg's movie about lincoln. lincoln made deals. you know what, he achieved great, great goals. it goes to the point you are making -- politicians
in that environment, commonplace is essential. it -- if you go through the last campaign, it is not that big of an area. compromise is required. give-and-take -- people have to accept some things they do not like as part of a larger agreement. i would say getting a comprehensive agreement now that resolve's many of these issues would at least reduce the constant threat of government shutdown. that is why this is so important going forward. >> i would remind everybody we have threats of...
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Dec 7, 2012
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we have an environment where the interest rates are low, so if you reinvest it in a fixed income product, you won't make much return. you'll have capital losses on bonds. i'm very concerned about the low interest rate in the bond market and the long period of time we've had bond yield this is low. and in the stock market, you have to be careful because there could be a sorting out among stocks between high and low dividend stocks and how they perform when these guys go x dividend. >> why couldn't you invest in g chlt and g e or comcast and get a 3% yield there. either one would be a good place.or comcast and get a 3% y there. either one would be a good place. >> wasn't i invested in company x before, didn't i have that money in there and now they're giving it back? >> now you own a larger part of the company. >> no, because -- >> if you reinvest it and they buy more share, you own a larger piece of it. >> it should be equal. they've taken that cash out of the company. the stock price should adjust lower. >> but cash is not the same as the ownership portion. your thought would be if you c
we have an environment where the interest rates are low, so if you reinvest it in a fixed income product, you won't make much return. you'll have capital losses on bonds. i'm very concerned about the low interest rate in the bond market and the long period of time we've had bond yield this is low. and in the stock market, you have to be careful because there could be a sorting out among stocks between high and low dividend stocks and how they perform when these guys go x dividend. >> why...
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it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted every
it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male...
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Dec 11, 2012
12/12
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there's really a responsibility we have to take as school principals and leaders to create a school environment that gives a lot of time, a lot of support and the colleagues collaborating together. when teachers work in teams and given that support, they can truly become rock star teachers. it's not something that just walk in on day one. >> not a gift from the gods. >> we looked at the papers this morning, and there's another story about how u.s. students lag behind in math and science compared to other students around the globe. do you think there's national recognition about the importance of education in this country by business leaders, by other people, that they're changing things? is there still not a great enough awareness about the problem? >> i think the awareness is there. i think that -- that the problem is that we're not taking strong enough actions. you know, we need to take actions that are more forceful and radical. and not sort of compromise positions. >> like what? >> well, for example, school principals need to be empowered to hire and fire and build their teams. until you ca
there's really a responsibility we have to take as school principals and leaders to create a school environment that gives a lot of time, a lot of support and the colleagues collaborating together. when teachers work in teams and given that support, they can truly become rock star teachers. it's not something that just walk in on day one. >> not a gift from the gods. >> we looked at the papers this morning, and there's another story about how u.s. students lag behind in math and...